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like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera when we come back. stay tuned. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> congressional leaders have just left the white house about an hour and 20 minutes arr
to make that happen. that means, who do you need? nancy pelosi and you're going to have to get democrats to get something through the house. and so, i certainly think republicans hurt themselves in their leverage and look at the polling, 51% of americans have a favorable view of democrats, 31% of americans have a favorable view of republicans, and i can't imagine after watching what happened last night that those numbers for republicans have gotten better. i imagine they've gotten worse. i think the last thing i'll say here is for speaker boehner, he is in a very weakened position in terms of, you know, trying to bargain because he couldn't -- the plan "b" was a terrible, terrible deal from the democrats' perspective. had lots of sweeteners that the republicans wanted in terms of cuts. and he couldn't get the votes for it. >> well, for a lot of reason. dan greenhaus, you know what happens? if the fiscal cliff goes to january, the middle class tax cuts won't be extended, right? they end. but if you're a republican in the house, you'll be voting for a tax reduction. in other words, the fir
to nancy pelosi. >> does this get easier once boehner gets reelected as majority leader? >> hopefully we don't get to that point, but that senate bill did not get a single republican vote. >> jonathan, answer my question. does this get easier? >> let's pretend we're not going have a deal and january 3rd comes and boehner, he hopes gets reelected as speaker of the house, then the deal get easier to get done? >> this isn't even an issue. >> oh, come on! you know what i'm asking here! >> speaker boehner will get reelected and that's not the issue and the issue is not to pass something through the senate that can go on to pass the house. >> john, do you think that the republicans bill which essentially goes after programs for the poor increases military spending? so it adds to the deficit and only is willing to raise taxes on millionaires and above and that is getting through the senate. so what you're saying the reverse is true when you look at the house. boehner can pass the senate bill tomorrow as harry reid said today, but he doesn't want to do it with democrats and he wants a majority o
hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come
the idea, give us another suggestion, but don't do what nancy pelosi has done where saying spending cuts are off the table. in that case we're negotiating with ourselves again. >> i'm sorry, we have to leave it there. congressman, have a pleasant flight back across the country tomorrow evening. >> it's always a joy. >> all right. >>> let's hear from the other side. representative allyson schwartz is a democrat from pennsylvania. michelle, jump in. >> she sits on the ways and means and budget committees. thanks so much for joining us, representative. you just heard that whole discussion. why is it, madam, that the democrats seem so resistant to any kind of reform to entitlements? >> well, actually, that's not true. as you certainly know, the president offered very, very straightforward spending cuts, over a trillion dollars he's already done. another trillion, 1 or 2, that the president put on the table in his last offer. it included $400 billion in savings from medicare and $200 billion from savings in medicaid. those are not easy, but the democrats have actually put medicare on a path t
mcconnell and leader pelosi to receive an update on the ongoing fiscal cliff negotiations. that's all the information that we have. we don't know what those leaders spoke about with the president during those call bus i would say just parsing the words here a little bit of this statement, to receive an update does not sound like the president was somehow calling them to issue an new offer or to force some kind of a deal to a head. it sounds like he was checking in with those leaders to find out what's going on or what might be possible at this point. we are working on getting you more information on exactly what was said on those calls just yesterday from hawaii, guys. >> eamon, thank you for keeping us up to date, the view from d.c. let's just return to the discussion we were having with wolfgang coaster about what's happening with dollar yen and this huge move over three months, whether the dollar has accelerated, 11, 12% against the yen. wolfgang what does that mean for people sitting at home? >> the japanese are trying to get their products to be more comp pet it was than the u.s.
Search Results 0 to 5 of about 6

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